Is Entrepreneurship a Good Major for Aspiring Business Owners?

Determining the right educational path to achieve your career dreams can be tough—especially when you don’t know exactly what it is you want to do with your life. You’re good at a lot of things, and you’re full of innovative ideas, but maybe that company you’ve always dreamed of working for has been nearly impossible to find.

Well, it’s possible that company doesn’t even exist yet. So why not put your ideas and hard-working nature to use in starting your own business?

It might sound like an intimidating and complicated process, but it could also hold the key to your personal career success and the cash flow that comes with it. A degree in entrepreneurship could teach you everything you need to know to not only get the process rolling, but to sustain it in a way that assures a long, healthy life for your business.

Why a degree in entrepreneurship?

A degree in entrepreneurship will provide you with a unique spread of business skills that will help you with everything from planning, funding and launching your own business. So why not just go for a degree in business administration? Business administration grads often go on to secure good jobs within large companies, but starting your own business requires a lot more than that.

It’s hard to deem anything as “all-encompassing,” but a degree in entrepreneurship gets pretty darn close. Students are given the opportunity to learn many of the most valued business concepts without the stress of a double (or even triple) major. These important sectors of learning include accounting, marketing, management and strategic planning. Take a look at how each plays an influential role in the success of a small business.

Consulting a marketing expert can be helpful, but learning the ins and outs of the trade yourself can be more cost effective while also allowing you to take even more ownership over the success of your business. This knowledge will help shed light on consumer behavior and current industry trends, setting you on the right path to bring in more traffic to your business from the start.

There is a blend of important skills acquired upon mastering business management, including coordinating and prioritizing with employees, predicting future happenings in both the business and in the market itself, implementing new business strategies and organizing the resources necessary to make all these things happen smoothly.

Strategic planning requires both realistic and innovative vision, knowledge enough to assess potential threats to your business and creative improvisation if something unexpected gets in the way. Your deep understanding of your startup’s pulse and internal framework will make you an ideal strategic planner for your business, assuring that new goals will consistently be both born and achieved.

The next step to business success

Small businesses in America make up 54 percent of the country’s sales, as well as 66 percent of all net new jobs since the 1970s, according to the U.S. Small Business Administration. And the number of new business startups continues to grow rapidly to this day.

If you’re still wondering if entrepreneurship is a good major to help you launch your own business, just think of the gamut of skills you can learn along the way that will surely help you sustain a long life for your startup.

You’ll also encounter a number of internship opportunities in a degree program like this, which will help you foster the connections in the business world that could prove invaluable to your business’ success. And who knows, maybe the guy sitting next to you in class or the woman you intern alongside could become your future business partner!

Rasmussen College’s entrepreneurship courses are taught by successful entrepreneurs—people who have ample experience with new business ventures and are ready to pass all their hard-learned knowledge onto students like you. And the best part? In as little as 18 months, you could have a diploma in hand and possess all the skills you need to launch your own business.

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Jess is a Content Marketing Specialist at Collegis Education. She researches and writes student-focused content on behalf of Rasmussen College. As a trained and published poet, she loves discovering new ways to use her writing as a tool to further the education of others.

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